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ZIP Code · NJ

ZIP 07041

Part of Millburn, NJ
Pop. 7,532·Essex County·11th most expensive ZIP in New Jersey
Median rent (all units)
$3,865/mo
Year-over-Year
Stable
Month-over-Month
+12.1%
vs US Median
+$1,900
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07041 · $3,865
More expensive than 97% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,960
1 BR
$2,220
2 BR
$2,680
3 BR
$3,360
4 BR+
$3,810
Research median
$2,680/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$46,380/yr
At $3,865/mo median
Location
StateNJ
CountyEssex County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +12.1% MoM), not inventory.
Demographics

Who lives here

ZIP 07041 (Millburn, NJ) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 85.1% of residents hold a bachelor's degree or higher.

Population
7,532
Median income
$202,750
Median age
39.8
Renters
31.2%
Age distribution
27.1%
16.7%
29.7%
15.6%
Under 1827.1%
18–3416.7%
35–5429.7%
55–6410.9%
65+15.6%
Gender
50.3%
49.7%
Male50.3%
Female49.7%
Race & ethnicity
49.7%
31.6%
White49.7%
Black3.5%
Hispanic9.3%
Asian31.6%
Other5.8%
Education (25+)
85.1%
No HS diploma2.9%
HS diploma4.8%
Some college7.2%
Bachelor's+85.1%
Housing tenure
68.8%
31.2%
Owner68.8%
Renter31.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 07041 in Millburn, NJ has changed in 5 years

Income
$180,000 → $202,750
up 12.6%
Population
7,352 → 7,532
up 2.4%
Renter share
30.2% → 31.2%
+1.0 pts
Bachelor's+
79.9% → 85.1%
+5.2 pts
Median age
40.9 → 39.8
-1.1 yrs

Median household income climbed from $180,000 to $202,750 between 2021 and 2024, a 12.6% shift. Census counts show ZIP 07041 in Millburn, NJ adding about 180 residents over the five-year window, up 2.4% on net. Bachelor's-degree-or-higher attainment moved from 79.9% to 85.1% across the same window.

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Local insights

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About renting in ZIP 07041

Last updated: July 20, 2026

ZIP code 07041 covers Millburn, NJ. The median rent here is $3,865/mo as of July 2026. A 1-bedroom rents for a median of $2,220/mo. A 2-bedroom rents for a median of $2,680/mo.

At 23% of local median household income ($202,750/yr), ZIP 07041 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07041?

As of July 20, 2026, the median monthly rent in ZIP 07041 (Millburn, NJ) is $3,865. This is based on aggregated data from public sources and community submissions.

How does ZIP 07041 rent compare to the US average?

ZIP 07041's median rent of $3,865/mo is $1,900 (97%) above the US national median of $1,965/mo.

How does ZIP 07041 compare to other ZIPs in New Jersey?

ZIP 07041 is one of the pricier ZIP codes in New Jersey, ranking #11 out of 212 ZIPs tracked at $3,865/mo.

How much income do you need to rent in ZIP 07041?

To keep rent at or below 30% of gross income, you would need to earn at least $155,000/year (~$75/hour full-time) to afford the median rent of $3,865/mo in ZIP 07041. The local median household income is $202,750/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07041?

Rent in ZIP 07041 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 07041 an affordable place to rent?

ZIP 07041 is considered very affordable for renters. At $3,865/mo, rent takes approximately 23% of the local median household income ($202,750/yr). The standard benchmark is 30%. ZIP 07041 falls comfortably within that range.

What percentage of ZIP 07041 residents rent vs. own?

According to Census data, approximately 31.2% of ZIP 07041 households are renters, while 68.8% are owner-occupied. ZIP 07041 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07041 compare to the rest of Millburn?

ZIP 07041 is pricier than Millburn as a whole. At $3,865/mo, it's $56 above the Millburn citywide median of $3,809/mo.

When was rent data for ZIP 07041 last updated?

Rent data for ZIP 07041 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $3,865/mo, rent takes ~23% of ZIP 07041's median household income ($202,750/yr). The standard benchmark is 30%.

ZIP 07041 23%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07041 (Millburn, NJ)

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